Section 8 of CA, 2002 : Section 8: Composition Of Commission
CA, 2002
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Explanation using Example
Here's an example demonstrating the application of Section 8 of The Competition Act, 2002:
Imagine the government of India is looking to reconstitute the Competition Commission of India (CCI) due to the retirement of existing members. As per Section 8 of The Competition Act, 2002, the Central Government will appoint a new Chairperson and select between two to six other members to fill the vacancies. The candidates considered for these positions must have a minimum of fifteen years of professional experience in relevant fields such as law, economics, or business, and must be known for their ability, integrity, and standing. Once appointed, these individuals will serve as full-time members of the Commission, dedicating their efforts to enforcing competition laws and policies in India.